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Showing posts from December, 2020

XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple

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Ripple's XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token's plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked crypto token had seen traded volumes of $4.85 billion recorded in 24 hours. $1.3 Billion Lawsuit As data on markets.Bitcoin.com suggests, the sell-off of the XRP token appears to have been sparked by Ripple CEO Brad Garlinghouse's warning that the SEC was about to launch legal proceedings against the company. A day later, the SEC announced the $1.3 billion legal action against Ripple and two of its executives for allegedly conducting an unregistered security offering. Meanwhile, as the XRP token continues to plummet, an angry Garlinghouse has accused the US regulator of being biased against Ripple while appearing to give a free pass to BTC and ETH. In its dete...

Recent SolarWinds security breach may be greater threat to humanity than COVID-19

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It is likely that the recent SolarWinds hack will become known as the worst cybersecurity breach in United States history—affecting the most sensitive government networks and critical U.S. infrastructure, including top agencies and thousands of the biggest international brands. Yes, you read that correctly. Since at least March 2020, an unknown hacking entity had gained access through an unsecured update server of a monitoring and management software made by SolarWinds called Orion IT. This allowed the attackers to gain access to any of the SolarWinds clients connected through the popular monitoring tool—including the National Nuclear Security Administration, which maintains the U.S. nuclear weapons stockpile. Believe it or not, it is a familiar story, one that is all too common during this tumultuous past year of pandemic lockdowns and our heavy reliance of the internet. A year that has introduced new vernacular into our vocabulary such as zoom bombings, spearfishing and clickjacking....